Greece asks EU to approve state aid for 680 MW pumped storage project

GEK Terna is building two pumped storage hydropower plants and artificial lakes in Amfilochia in western Greece that will use an existing lower reservoir. The government filed its support scheme with the European Union’s competition authorities for clearance. The Ministry of the Environment and Energy of Greece has submitted a request to the European Commission […]

Croatia reduces green power surcharge for energy-intensive companies

Energy-intensive companies in Croatia could save up to EUR 10 million a year through the government’s scheme to reduce the surcharge they pay for incentivizing renewable energy production. The European Commission has approved, under EU State aid rules, a Croatian scheme that grants reductions to energy-intensive companies on a surcharge to finance support for renewable […]

EU conditions EUR 251 million state aid to coal, power utility CE Oltenia

The European Commission has approved Romania’s plans to grant a EUR 251 million loan to second-biggest power producer Complexul Energetic Oltenia (CE Oltenia) but with strict conditions. The Romanian government has defined a plan to help Complexul Energetic Oltenia (CE Oltenia), coal-based utility trapped in a financial squeeze for years. A public loan warrants approval […]

Electricity February 26, 2020

Energy Community challenges state aid to Kosova e Re

The Energy Community Secretariat said it has sent a so-called opening letter to Kosovo* with the intention to resolve the dispute regarding the backing for the project of a coal-fired power plant of 450 MW. The international institution claims the stimulus for Kosova e Re is “per se illegal state aid” as the authority responsible […]

Electricity December 24, 2019